M&A Deal Summary

Navis Capital Partners Acquires Device Technologies Australia Pty

On November 16, 2018, private equity firm Navis Capital Partners acquired information technology company Device Technologies Australia Pty Ltd. from Pemba Capital Partners for 509M USD

Acquisition Highlights
  • This is Navis Capital Partners’ 1st transaction in the Information Technology sector.
  • This is Navis Capital Partners’ 1st largest (disclosed) transaction.
  • This is Navis Capital Partners’ 13th transaction in Australia.

M&A Deal Summary

Date 2018-11-16
Target Device Technologies Australia Pty Ltd.
Sector Information Technology
Buyer(s) Navis Capital Partners
Sellers(s) Pemba Capital Partners
Deal Type Secondary Buyout
Deal Value 509M USD

Target

Device Technologies Australia Pty Ltd.

Belrose, Australia
website
Device Technologies Australia Pty Ltd. is an independent provider of high-grade medical solutions and technologies. From high-quality consumables to advanced theatre equipment and robotics. Device Technologies Australia was established in 1992 and is based in Belrose, Australia.

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Buyer(S) 1

Buyer

Navis Capital Partners

Kuala Lampur, Malaysia

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 5.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Navis Capital Partners is a private equity firm focused on buyouts, recapitalizations and financial restructurings in Southeast Asia. Navis looks to invest between $15 and $100 million of equity per transaction in companies with up to $500 million in revenue. Navis does not specialize in any specific sector. Navis Capital Partners was formed in 1998 and is headquartered in Kuala Lampur, Malaysia.


DEAL STATS #
Overall 59 of 59
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 7 of 7
Country (Australia) 13 of 13
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 MFS (S) Technology Pte Ltd.

Singapore, Singapore

MFS (S) Technology Pte Ltd. is a flexible printed circuit manufacturer with applications focused on automotive, industrial systems, medical devices and data storage. Company has established itself as a leading, high mix, rapid production player capable of supporting its customers in the production of a wide range of flexible and printed circuitry. The Company specializes in high density, multilayer product applications and has garnered a loyal customer base spread across seven industry verticals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Retail Insight Ltd.

Richmond, United Kingdom

Retail Insight Ltd. is a provider of store-focused solutions in retail operation analytics to global retailers and CPG companies. The analytical SaaS solutions drive enhanced decision-making, enabling blue-chip customers to understand and measure operational levers, optimize pricing and markdowns, reduce waste, and ensure efficient sales and promotion execution.

Sell -

Seller(S) 1

SELLER

Pemba Capital Partners

Sydney, Australia

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 650M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Pemba Capital Partners is an independent private equity firm backed by the FirstRand Group focused on public and private company investments in Australia and New Zealand. Pemba looks to invest in profitable companies valued from $30 to $150 million AU. Pemba is a generalist investor, looking for opportunities in a variety of industries positioned for organic growth or growth through acquisitions. Pemba will not invest include early-stage or pure technology, hostile takeovers, property or construction, infrastructure, and agriculture or resources. Pemba Capital Partners was formed in 1998 and is based in Sydney, Australia.


DEAL STATS #
Overall 11 of 12
Sector (Information Technology) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Australia) 10 of 11
Year (2018) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 HMG Made to Last Pty Ltd.

Meeandah, Australia

HMG Made to Last Pty Ltd. is a provider in the design, manufacture, and refurbishment of components and assemblies used in heavy industries. HMG Made to Last was established in 1959 and is based in Meeandah, Australia.

Sell $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 AutoPlay Automotive Ltd.

Auckland, New Zealand

AutoPlay Automotive Ltd. empowers dealerships, dealer groups, and automakers with the tools they require to maximize sales, streamline processes, and improve efficiency, accuracy, and transparency within individual dealerships and across networks. AutoPlay Automotive was established in 2000 and is based in Auckland, New Zeland.

Buy -